Bank of Canada

Carney to head the Bank of England Fallback Image Decorative pattern

Economic Indicators

Carney to head the Bank of England

The Bank of Canada announced that Her Majesty the Queen has approved the appointment of Mark Carney as Governor of the Bank of England, effective July 1, 2013. He will serve a five-year term.

By Staff |November 26, 2012

3 min read

BoC maintains overnight rate at 1% Fallback Image Decorative pattern

Economic Indicators

BoC maintains overnight rate at 1%

The Bank of Canada is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%.

By Staff |October 23, 2012

2 min read

Rate increase not likely before 2014: Desjardins Fallback Image Decorative pattern

Economic Indicators

Rate increase not likely before 2014: Desjardins

Canadian growth has been rather soft so far in 2012 and not much points to a quick rebound. Against this backdrop, a Desjardins Group report questions the relevance of the BoC’s frequent hints at a rate hike. Read: BoC leaves it at 1% It asks, “Can the BoC continue to emit a signal perceived as […]

By Staff |September 26, 2012

1 min read

Government to tighten belt: CIBC Fallback Image Decorative pattern

Economic Indicators

Government to tighten belt: CIBC

Government spending will decline 0.9% in 2013 to 2014—a 0.2 percentage point drag on real GDP growth, finds CIBC. “Our analysis points to yet another drop in real expenditures, with no major offset from planned tax reductions,” says Avery Shenfeld, chief economist at CIBC. Read: Canada’s GDP will grow by 2.6%: RBC He adds although […]

By Staff |August 28, 2012

2 min read